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Form #1094Non-Disclosure and Confidentiality Agreement
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Non-Disclosure and Confidentiality Agreement - Free Legal Form
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NON-DISCLOSURE and CONFIDENTIALITY AGREEMENT FOR: “PARTY NAME”
This Non-Disclosure
Agreement (the “Agreement”) is made this st, and between,
(name of Authorized Principal and Company), the “Partner”: and ”Party Name” .
The signatories referred to herein individually as a “Party” or collectively as
the “Parties”. For good and valuable consideration, the receipt of sufficiency
of which each of the Parties hereto acknowledge, the Parties do hereby agree as
follows:
1. Each
party shall disclose the Confidential Information of the other only to those of
its employees having a need to know such Confidential Information and shall
take all reasonable precautions to ensure that its employees comply with the
provisions of this Section of this agreement. Any confidential or sensitive
information provided by the receiving party to other third parties such as
contractor, vendors or consultants etc, must be preceded by exaction of this
NDA by such third parties before any such disclosures can be made.
2. The
term “Confidential Information” shall mean any and all information or
proprietary materials (in every form and media) not generally known in the
relevant trade or industry and which has been or is hereafter disclosed or made
available by either party (the “disclosing party”) to the other (the “receiving
party”) in connection with the efforts contemplated hereunder, including (i)
all trade secrets, (ii) existing or contemplated products, services, designs,
technology, processes, technical data, engineering, techniques, methodologies
and concepts and any information related thereto, and (iii) information
relating to business plans, sales or marketing methods and customer lists or
requirements. (iv) any information of a Party submitted to the other Party and
marked as confidential or other similar marking
3. The obligations of either party under
this Section 6.1 will not apply to information that the receiving party can
demonstrate (i) was in its possession at the time of disclosure and without
restriction as to confidentiality, (ii) at the time of disclosure is generally
available to the public or after disclosure becomes generally available to the
public through no breach of agreement or other wrongful act by the receiving
party, (iii) has been received from a third party without restriction on
disclosure and without breach of agreement by the receiving party, (iv) is
independently developed by the receiving party without regard to the
Confidential Information of the other party, or (v) is required to be disclosed
by law or order of a court of competent jurisdiction or regulatory authority,
provided that the receiving party shall furnish prompt written notice of such
required disclosure and reasonably
cooperate
with the disclosing party, at the disclosing party’s expense, in any effort
made by the disclosing party to seek a protective order or other appropriate
protection of its Confidential Information. (vi) any information, which by
its nature and or content would reasonably be considered to be confidential and
or propriety to the introducing party provided,
4. Each
Party agrees that during and after the expiration of the expiration of the
Agreement it will maintain the Confidential Information in confidence in the
same manner and with the same degree of care that such Party uses to protect
its own proprietary information, but in no event no less than a reasonable
degree of care. The receiving Party will not disclose, reproduce, alter,
modify, enhance, reverse engineer, give away, divulge, exchange or make known
or available in any manner to any person, firm, corporation or any other entity
(whether the receiving Party receives any benefit there from) the disclosing
Party’s Confidential Information to any person that is not an officer, director
or employee of the receiving Party without prior written consent from the
disclosing Party; provided however, the receiving Party acknowledges and agrees
that it shall be responsible and held liable for the breach of this Agreement
by any such officer, director or employee (regardless whether or not such
breach is within their scope of employment) with respect to the maintenance of
the secrecy and confidentiality of the Confidential Information for evaluation
purposes only, unless otherwise agreed in writing between the Parties, and will
not use the Confidential Information for its own benefit.
5. The
Parties hereby acknowledge that each Party has developed proprietary knowledge
and technology in the same field as the Confidential Information to be
disclosed by the other Party and that such Confidential Information may overlap
the information and technology developed by such Party. The Parties further
acknowledge and agree that the disclosure of its Confidential Information to
the other Party shall in no manner, whatsoever, prohibit, impede or otherwise
restrict the disclosing Party from continuing to develop knowledge, technology,
products and other intellectual property, whether or not such development is in
the same field as, or otherwise overlaps, the Confidential Information of the
Receiving Party. The receiving party further agrees to promptly disclose the
existence of any conflicts of interests including work relating to competing
projects, that could reasonable be known prior to acceptance or confidential
information-or any conflicts which might arise during the course of the
receiving party’s business relationship with “PARTY NAME”
6. Upon
written demand of the disclosing Party, the receiving Party shall deliver all
documentation, records, notes, data, memoranda, models
and
equipment of any nature, including all copies and/or extracts there from, that
are or were in such Party’s possession or under its control and that are the
property of the disclosing Party or comprise part of or otherwise relate to the
disclosing Party’s Confidential Information; except for a copy of such
materials that may be maintained by the legal counsel of the receiving Party so
long as such information remains is maintained as confidential pursuant to the
terms of this Agreement.
7. The
Parties acknowledge that compliance with this Agreement is necessary to protect
the goodwill and other proprietary interests of the Parties and that a breach
of this Agreement will give rise to irreparable and continuing injury to the
non-breaching Party which is not adequately compensable in monetary damages or
law. Accordingly, the Parties agree that a non-breaching Party may obtain
injunctive and other equitable relief against the breach or threatened breach
of the foregoing provisions, in addition to any other legal remedies that may
be available under this Agreement. If the non-breaching Party shall make
application to a court of competent jurisdiction for injunctive relief to
enforce this Agreement, the breaching Party waives, the greatest extent
permissible, any requirement that the non-breaching Party post a bond or other
security as a precondition to an injunction, whether temporary or permanent.
8. Each
Party agrees that if the other Party shall violate any of the covenants or
agreements under this Agreement, the former Party shall be entitled to an
accounting and repayment of all profits, compensation, commissions,
remuneration, or other benefits that the other Party or any third party given
access to (or possession of) the former Party’s Confidential Information,
directly or indirectly, by the other Party, directly or indirectly, has
realized and/or may realize as a result of, growing out of, or in connection
with such violation. These remedies shall be in addition to, and not in
limitation of any injunctive relief or other rights to which the former Party
is or may be entitled at law, or in equity, under this Agreement.
9. The
laws of the State Of “STATE” shall govern this Agreement. Any action hereunder
shall be taken in a State Court located in “STATE”. The Parties hereto waive
and agree that they shall not assert that such forum is inconvenient or
improper. In the event either Party initiates action to enforce his, her or
its legal rights hereunder, the prevailing Party shall recover from the
non-prevailing Party its reasonable expenses, court costs, including taxed and
untaxed costs, and reasonable attorneys’ fees, whether suit be brought or not.
10. The
term of this Agreement shall be for a term of “TERM” () years from the date of
this Agreement. This Agreement sets forth a mutual understanding between the
Parties as to the subject matters hereof and
supercedes
any and all prior and collateral agreements and representations between the
Parties. The invalidity or unenforceability of a particular provision of this
Agreement shall not affect the other provisions hereto, and this Agreement
shall be construed in all respects as if such invalid or unenforceable
provisions were omitted.
11. It
is further understood that the parties intend to introduce prospective
investors, strategic partners, vendors, consultants, contractors or other
commercial third parties “Introduced Parties” for the purpose of developing
projects to be defined in further disclosures or agreements.
12. The
Partner represents that to the best of his knowledge he is not currently
involved in any business that competes with “PARTY’s” core businesses, either
as principal, investor or vendor of services and further that no current
conflicts of interest exist between the Partners business and those of “PARTY’S”
business plans or operations. Partner agrees that he will promptly inform
“PARTY” in writing of any business activities that he engages in during the
term of this agreement that might reasonably result in any material conflict of
interest or competition with the business entities or services described
covered under this agreement.
IN WITNESS
WHEREOF, the Parties hereto have executed this Agreement as of the date set
forth above.
By:________________________________
Company:___________________________
Address:____________________________
Date:______________________________
BY:____________________________
Company:_______________________
Address:________________________
Date:__________________________
Contributed by
FastDue.com |
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Name of Firm |
FastDue.com |
Location |
Fairfield,
Iowa,
United States |
Total Forms Contributed |
74 |
Phone |
641-209-1761 |
Website |
http://fastdue.com |
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Submissions to this site, including any legal or business forms, posts, responses
to questions or other communications by contributors are not intended as and should
not be construed as legal advice. You are strongly encouraged to consult competent
legal council before engaging in any action based upon content contained on this
site.
These downloadable forms are only for personal use. Retransmission, redistribution,
or any other commercial use is prohibited. This includes reposting forms from this
site to another site offering free legal or other document forms for download.
Please note that the donator may have included different usage terms regarding this
form, and you agree to abide by these terms. It is highly recommended that you have
a licensed attorney review any legal documents for which you are searching in order
to make sure that your needs are being properly and completely satisfied.
Your use of this site constitutes your acceptance of our terms of use and your agreement
to hold this site, its officers, employees and any contributors to this site harmless
for any damage you might incur from your use of any submissions contained on this
site. If you do not agree to the above terms, please do not proceed.
These forms are provided to assist business owners and others in understanding important
points to consider in different transactions. They are offered with the understanding
that no legal advice, accounting, or other professional service is being offered
by these documents or on this website. Laws vary in the different states. Agreements
acceptable in one state may not be enforced the same way under the laws of another
state. Also, agreements should relate specifically to the particular facts of each
situation. Therefore, it is important to consult legal counsel whenever utilizing
these forms. The Forms are not a substitute for legal advice YourFreeLegalForms.com
is not engaged in recommending or referring members on the site or making claims
about the competence, character or qualifications of its participating members.
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Keywords: legal forms, NDA, non-disclosure agreement, confidentiality agreement
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